Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/bee83769-fa41-4d18-9dc2-4a46130c72a8 Wall Street economists have warned that November’s US inflation report, which showed a sharp decline in price growth, was flawed because of missing data in the wake of the recent government shutdown.US consumer prices rose 2.7 per cent in November from the same period the previous year, according to official data from the Bureau of Labor Statistics. The figure was well below expectations in a Bloomberg poll of 3.1 per cent and September’s rise of 3 per cent.Core inflation, which strips out volatile food and energy prices, was 2.6 per cent, compared with expectations of 3 per cent.The report comes after the recent government shutdown halted data collection for a six-week period, forcing the BLS to scrap its October release and estimate many prices rather than using observed data from surveys.“You’ve got to take it with a grain of salt,” said Diane Swonk, chief economist at KPMG US.She added: “Things that should be going up are going down and things that should be going down are going up. So it’s confusing and it doesn’t quite square with prices that we’ve observed.”Inflation had remained stubbornly elevated in recent months, providing a political issue for President Donald Trump as voters grow frustrated with a worsening cost-of-living crunch.>https://www.ft.com/content/bee83769-fa41-4d18-9dc2-4a46130c72a8
>>1467049 (cont) Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/bee83769-fa41-4d18-9dc2-4a46130c72a8 The White House was quick to seize on Thursday’s release as evidence that Trump’s policies were helping to curb inflation. “I’m not saying that we are going to declare victory yet on the price problem, but this is just an astonishingly good CPI report,” said Kevin Hassett, director of the National Economic Council and a frontrunner to be next chair of the Federal Reserve.The bond market largely shrugged off the inflation report. Yields on short-term government debt briefly tumbled to a two-month low as prices rose, before soon retracing about half of that move.Wall Street’s S&P 500 share index closed 0.8 per cent higher on Thursday and the Nasdaq Composite climbed 1.4 per cent — in a fresh bout of volatility for equities.“Markets don’t care [about the data] because the data doesn’t pass the smell test,” said Jon Hill,head of US inflation strategy at Barclays.“Given the lack of explanation about how the BLS made these decisions, it’s hard to take at face value. Because it was such a big miss, and because it’s so hard for the market to take the data literally, investors don’t want to bet the house.”
>>1467050 (cont) Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/bee83769-fa41-4d18-9dc2-4a46130c72a8 The BLS noted on Thursday that “for a few indexes, BLS uses nonsurvey data sources instead of survey data to make the index calculations”.Thursday’s report could spur further calls from the president for the Fed to cut rates more quickly. Trump has repeatedly lashed out at current chair Jay Powell over the pace of cuts, calling him a “moron”.But analysts were circumspect as to how much the data would affect the central bank’s approach to monetary policy.The Fed voted last week to reduce borrowing costs to a three-year low following a divisive meeting in which policymakers debated whether to prioritise risks to inflation or the labour market.Some members of the rate-setting Federal Open Market Committee have warned that cutting rates too quickly risks exacerbating inflation, while others argue reductions are necessary to support a weak labour market.Separate data released by the BLS this week showed the US unemployment rate ticked up to a four-year high in November. The Fed also targets a different inflation rate, known as personal consumption expenditures, which could provide a clearer read when it is released.OTHER SOURCES:>https://www.cnbc.com/2025/12/18/trust-these-numbers-economists-see-a-lot-of-flaws-in-delayed-cpi-report-showing-downward-inflation.html>https://www.reuters.com/business/us-annual-consumer-prices-increase-less-than-expected-november-2025-12-18/
>>1467049>>1467050>>1467052>Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.oh what the fuck is this shit.
>>1467050>“Given the lack of explanation about how the BLS made these decisions, it’s hard to take at face value. Because it was such a big miss, and because it’s so hard for the market to take the data literally, investors don’t want to bet the house.”This applies to everything the Trump Administration says and does.
>>1467054When you copy paste stuff from certain sites, this gets added automatically.In the future remember to cut it out
>>1467049>except cars and gasGas here is down slightly. -$.05 on average.
>>1467100Jared Kushner is business partners with the Saudi Royal Family.
>>1467101OK. So? Saudi Arabia is a US ally. So, I'm not sure why that matters.Plus, I'm warming up to Arabs since they keep killing jews, which is good for the world.
>>1467103>I'm not sure why that matters.So you're retarded then?
>>1467100Yeah but that doesn't equal "low inflation". They quite literally left out every other metric, presumably because these were the only positive ones.We should be very, very fucking scared of what the true numbers for everything else is.
if everything was positive, they would have plastered it everywhere. if everything was negative, they would just lie about it. what you're seeing here is basically lying.
>>1467118It's worse than that. They stopped keeping track because they know how bad it is.
>>1467116I wasn't arguing it did mean low inflation.Low inflation is going to the store and not noticing the prices doubling.And that didn't happen this past year, it happened 3 years ago. Aside from during egg-gate. Which turned out to be Democrat mismanagement that solved itself after the Democratic mass (aka terrorist cell) was located and excised.
>>1467113Yes I've never heard of OPEC before.
>>1467049People calling out the CPI were making a really good point the other day: Why the fuck did they skip October if everything is going fine? What happened in October?
>>1467211>Low inflation is going to the store and not noticing the prices doubling.Then why did they skip October and why did this report show the prices increasing 1-5% from whatever October was (which they won't tell us)?
Though credit where credit is due: pork chops and eggs are way down. But milk, bread, other foodstaples have only continued to rise.
>>1467103>OK. So? Saudi Arabia is a US ally. So, I'm not sure why that matters.lolI'm going to love the future where Miggers are trapped in a soft civil war between the Saudis and Israel, each one being too stupid to know which evil foreign power they should throw themselves at their feet and worship.
